credit rating definition

September 23, 2017 AZ Dictionary

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noun:

An estimate of number of credit that can be extended to a company or person without undue risk.

An estimate, according to an organization or person's reputation for borrowing from the bank and repayment and/or readily available money, that is used by creditors to determine the optimum number of credit it may expand to a without excessive danger.

an estimate, according to past dealings, of your or a company's capacity to fulfill their financial responsibilities